Original article by Brad Thompson
The Australian – Page: 13 & 14 : 22-Oct-25
Arafura Rare Earths’ CEO Darryl Cuzzubbo says the $US8.5bn ($13bn) critical minerals deal between Australia and the US is the biggest step toward breaking China’ stranglehold on the sector. The deal includes a framework for US taxpayers to acquire stakes in Australian rare earths and critical minerals assets. Arafura itself will receive up to $US300m from the US Export-Import Bank to advance its Nolans rare earths project in the Northern Territory, while the federal government will invest another $US100m in the project. Meanwhile, Cuzzubbo says Arafura is about three years away from producing neodymium and praseodymium.
CORPORATES
ARAFURA RARE EARTHS LIMITED – ASX ARU, EXPORT-IMPORT BANK OF THE UNITED STATES